February 16, 2026 Spot Gold Morning Analysis

The Year of the Horse Spring Festival is here! Cheng Jingsheng wishes all fellow gold enthusiasts and their families good health and smooth investments. May your long positions frequently take profits, your short positions stay unliquidated, your accounts rise steadily, and everything go as you wish!

In terms of news, US inflation remains moderate, expectations of rate cuts are rising, and the dollar is weakening; geopolitical disturbances and central banks continue to buy gold, providing strong support for gold prices. The Spring Festival holiday news remains stable, with major market movements awaiting post-holiday data. In the short term, expect mainly oscillations.

Technically, current gold prices are above the key support of $5000. Resistance is at $5080-5100. The daily chart shows a slightly bullish trend; as long as the price does not fall below $5000 on a pullback, it remains bullish, indicating a high-level oscillation with a strong bias.

Gold is currently oscillating with a bullish tendency. Large drops are unlikely, and significant rises require catalysts. Both news and technical factors support a cautious approach of low buy-ins without chasing highs.

Short-term trading suggestions: Lightly buy on dips around $5010-5020 with a stop loss at $4990, targeting the $5070-5080 range; if a rebound faces resistance near $5080, consider shorting lightly with a stop loss at $5105, targeting the $5030-5010 range. Strictly keep positions small with proper stop losses. Avoid holding large positions or overleveraging.

The above is only personal advice for reference and does not constitute investment recommendations. Please follow Cheng Jingsheng's strategic layout for specific guidance!

In the new year, Cheng Jingsheng wishes everyone to go with the trend and profit steadily. May the Year of the Horse see you riding high and earning abundantly in the gold market! #XAU $XAU